{"id":171302,"date":"2020-05-29T09:15:56","date_gmt":"2020-05-29T13:15:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171302"},"modified":"2020-05-29T07:53:27","modified_gmt":"2020-05-29T11:53:27","slug":"fibonacci-retracements-analysis-29-05-2020-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/fibonacci-retracements-analysis-29-05-2020-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 29.05.2020 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
May 29, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

As we can see in the daily chart, BTCUSD is once again attempting to reach the high at 10072.20 to complete the correction. A breakout of the high is just a question of time because even the MACD lines are directed upwards, thus indicating further uptrend. The next upside target may be 76.0% fibo at 11450.00.<\/p>\n

\"BITCOIN\"
\n\"Risk<\/p>\n

In the H4 chart, after re-testing 23.6% fibo, BTCUSD is forming a Triangle correctional pattern. Under such circumstances, the main scenario suggests that the price may break the channel\u2019s upside border and then reach the high at 10072.10 or even the fractal at 10505.60. However, even in this case one shouldn\u2019t exclude a possibility of a breakout of the pattern\u2019s downside border. After that, the instrument may continue falling to reach 38.2%, 50.0%, and 61.8% fibo at 7727.00, 7002.00, and 6278.00 respectively.<\/p>\n

\"BTCUSD\"
\n\"Risk<\/p>\n

ETHUSD, \u201cEthereum vs. US Dollar\u201d<\/strong><\/p>\n

As we can see in the daily chart, after testing 50.0% fibo, ETHUSD is growing towards the high at 227.46. After reaching and breaking it, the asset may continue growing towards 76.0% fibo at 241.40 and then the fractal high at 288.98.<\/p>

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\"ETHEREUM\"
\n\"Risk<\/p>\n

As we can see in the H4 chart, after reaching 38.2% at 174.82, ETHUSD has failed to test it properly. At the moment, the pair is steadily moving towards the high at 227.46. The main scenario implies a breakout of this level. However, if the instrument rebounds from it, the price may re-test 38.2% fibo at 174.82 or even reach 50.0% fibo at 158.62.<\/p>\n

\"ETHUSD\"<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com BTCUSD, \u201cBitcoin vs US Dollar\u201d As we can see in the daily chart, BTCUSD is once again attempting to reach the high at 10072.20 to complete the correction. A breakout of the high is just a question of time because even the MACD lines are directed upwards, thus indicating further uptrend. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-171302","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=171302"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171302\/revisions"}],"predecessor-version":[{"id":171305,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171302\/revisions\/171305"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}